Interesting Article on Wealth Inequality

[n_huffhines]

Yea you are right, we should shut the place down and all become Serfs and work the collective farm, comrade

Hopefully he meant the American dream of home ownership for everyone.

 

[SamRebel35]

what is wealth inequality? Since we are we promised to all be equally wealthy?

Not a history buff are you?

"We hold these truths to be self evident. That all Men(s' bank accounts) are created equally."

 

[theFallGuy]

Is this a troll question? Because it makes no sense.

Wealth inequality is not the opposite of equally wealthy. Wealth inequality is a measure of difference, not a state. It could be 99 to 1, or 51 to 49. Equally wealthy is a state vector of economic equilibrium, ie...50 to 50, nothing else.

Where exactly in the posted article does the author advocate equal wealth distribution? Seems to me all he is arguing for is closing the gap a little, and not only that, he openly admits that taxation in the form of current government allocation isn't necessarily the optimal solution.

I can't open the article (stupid IT) so I wasn't questioning it. I was simply questioning what your definition of "wealth inequality" is in your title post.

 

[KiffinKiller]

Yea you are right, we should shut the place down and all become Serfs and work the collective farm, comrade

this wasn't predictable. thank you.

 

[lawgator1]

Wealth inequality is not the issue, per se. We have always had that, and always will with our socio-economic system.

It becomes an issue of the day, so to speak, when you have rampant unemployment following a downturn in the value of the one asset middle class Americans can realistically strive to own and protect, and in the same five year period you have bailouts and maintain tax cuts for the wealthiest.

Its a function less of wealth inequality on a theoretical basis and more a question of timing.

 

[KiffinKiller]

Hopefully he meant the American dream of home ownership for everyone.

a little specific - but yes.

 

[theFallGuy]

Equally Poorer - Michael Tanner - National Review Online

 

[gsvol]

Those guys are super cool!! :loco: